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Oil prices pull back from multimonth highs


Wednesday, 20 March 2019 19:50 WIB

WTIMinyak WTI Berjangka


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Oil futures pulled back Wednesday but held ground near multimonth highs hit this week amid expectations that major global producers outside the U.S. are expected to continue to keep a lid on output.

May Brent crude fell 21 cents, or 0.3%, to $67.40 a barrel on ICE Futures Europe. Its finish at $67.61 on Tuesday marked the highest for a front-month contract since November.

April West Texas Intermediate crude fell 52 cents, or 0.8%, at $58.51 on the New York Mercantile Exchange. It has lagged its international counterpart this week so far. The April WTI contract expires at the end of Wednesday’s session.

Source: marketwatch


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